Halfaya output to reach 535,000bpd says Total

Total has said that crude oil production from Iraq's Halfaya oilfield will reach 535,000 barrels per day by 2016, Reuters has reported. "Halfaya is supposed to go from 3,000 bpd to 535,000 bpd in 6 years-period of time, the plateau is supposed to be reached after 6 years," Jean-Jacques Mosconi, head of strategy at Total said. Earlier this year, Iraq signed a final contract to develop Halfaya with China National Petroleum, Total and Malaysian state firm Petronas.

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